Move Energy funding news – Amsterdam-based Move Energy has landed a €35 Million Commitment from European Investment Fund (EIF).

The Fund specifically targets decarbonising the power and transport sectors, as well as buildings, as together they contribute 55% of global CO₂ emissions.

The EIF’s commitment, combined with prior commitments from more than 30 investors including cornerstone investor Pon Holdings, brings the Fund’s total commitments above €100 million.

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Previously, Move Energy agreed a €10 million commitment with Invest-NL through the Dutch Future Fund II, in which the EIF is also a partner. So far, the Fund has invested in five companies and intends to hold its final close by the end of Q1 2025, with a hard cap of €150 million.

Marjut Falkstedt, Chief Executive of the EIF said, “This investment reflects our commitment to driving the energy transition. As COP29 has highlighted once again, limiting global warming and the shift towards sustainable energy production, consumption and mobility, are critical in the fight against climate change. Private initiatives like this one are a signal that the market also sees economic opportunities in this context, and we are here to support them.”

Lex Roukens, Managing Partner at Move Energy, commented : “We are thrilled to welcome the EIF as a key investor. This commitment validates our mission and strategy and paves the way for further growth. We look forward to collaborating with the EIF to support groundbreaking European ventures in decarbonising power, transport, and buildings.”

Background information

The European Investment Fund is part of the European Investment Bank Group. Its central mission is to support Europe’s micro, small and medium-sized enterprises (SMEs) by helping them to access finance.

The EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, the EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.

About Move Energy

Move Energy is a venture capital specialist dedicated to supporting early-stage companies pioneering hardware and software solutions to decarbonise the power transport, and buildings sectors. With a focus on impact-driven investments Move Energy aims to support the next generation of transformative ventures contributing to a more sustainable world.